What Is a Land Share? How Is It Calculated and Corrected?

The "land share" written on your title deed is not just a number; it determines your dues, your right to vote, and many of your rights. But most people do not know what a land share means and how to correct it if it is wrong. In this article, we explain the land share.

What Is a Land Share?

The land share is the share in the common land allocated to each independent unit (apartment/workplace) in a building subject to condominium ownership. It is the proportion of the land on which the building sits that corresponds to your unit. According to the Turkish Condominium Law, the land share is determined in proportion to the value of the independent units and registered in the title deed.

What Is the Land Share Based On?

The land share is determined considering factors such as the location, size, and value of the independent units. In principle, larger and more valuable independent units are allocated a higher land share. Land shares are determined when condominium ownership is established and are recorded in the title deed.

Why Is the Land Share Important?

The land share is not just a ratio on paper; it directly affects many rights:

• Dues: Some expenses (insurance, maintenance, repair, manager\'s salary) are shared in proportion to the land share. A unit with a large land share pays more in these expenses.
• Right to vote: In many decisions such as manager election, "land-share majority" is sought. Your land share determines your weight in board decisions.
• Common income and rights: Income obtained from common places and some rights are related to the land share.

What Is Done If the Land Share Is Wrong?

Sometimes land shares may have been determined disproportionately with the actual value and size of independent units. For example, a small unit may have been given a large land share, and a large unit a small land share. In this case, unit owners may file a lawsuit for the correction of land shares.

The land-share correction lawsuit comes to the agenda when there is disproportion according to the initial values — not subsequent changes in the value of independent units. The lawsuit ensures the re-determination of the values of independent units through an expert examination and the correction of land shares accordingly.

Important note: The conditions and consequences of the land-share correction lawsuit are a technical legal matter; it is best to consult a lawyer for your specific situation.

Summary

The land share is the share of common land allocated to each independent unit; it is determined proportionately to value and registered in the title deed. It affects dues, voting rights, and many rights. If determined disproportionately, it can be corrected through a land-share correction lawsuit.

Calculating expenses shared by land-share ratio correctly for each unit requires correct land-share data. Apt Yönet automatically and correctly performs land-share-based expense sharing by keeping each independent unit\'s land share on record.

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Frequently Asked Questions

What is a land share?

It is the share of common land allocated to each independent unit in a building with condominium ownership; it is registered in the title deed.

What is the land share based on?

It is determined in proportion to the value, size, and location of independent units.

Does the land share affect the dues?

Yes. Expenses such as insurance, maintenance, and repair are shared in proportion to the land share.

Can an incorrect land share be corrected?

Yes, through a land-share correction lawsuit. Consulting a lawyer for its conditions is recommended.

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This content is for general informational purposes and does not constitute legal advice.